Latest Business News and Updates on Bill Gates, Elon Musk, Mukesh Ambani, and Gautam Adani
The latest business news on July 28, 2024, brings updates on various significant developments in the business world. One of the key highlights is the report that Mitsubishi Motors is set to join the Honda-Nissan alliance as its market share in the US and China falls. This move comes as the United States and China accounted for half of Nissan’s global sales in the previous year.
In other news, the deadline for filing income tax returns is fast approaching, and the income tax department has already received returns from over five crore taxpayers. Additionally, work is scheduled to begin on the Tata Motors and Jaguar Land Rover plant in Tamil Nadu from September, with the plant being strategically located near ports for logistical convenience.
Furthermore, Khadi Gramodyog’s business has crossed ₹1.5 lakh crore for the first time, with Prime Minister Modi highlighting the significant growth in sales and the creation of new job opportunities. Google Cloud has also announced its collaboration with Mistral AI, a Paris-based startup founded by former Google Deep Mind and Meta AI scientists, to enhance its Vertex AI platform.
Moreover, UltraTech is set to acquire an additional 32.72% stake in India Cement for ₹3,954 crore, increasing its stake in the company to over 55%. Foreign investors have also shown confidence in the Indian equity market, with an inflow of ₹33,600 crore in July, driven by policy reforms and positive earnings season.
Lastly, the government has scrapped the auction of three critical mineral blocks, including the J&K lithium mine, signaling a shift in mineral resource management. These updates reflect the dynamic and evolving landscape of the business world, with key players making strategic moves to adapt to changing market conditions and opportunities. Stay tuned for more updates on the latest business news.
